Cybersecurity
New York Regulator Said to Probe ISDAfix Derivatives Benchmark
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New York’s main financial-services regulator has opened its own investigation into the global derivatives benchmark known as ISDAfix, broadening the watchdog’s hunt for manipulation beyond markets such as foreign exchange, according to a person briefed on the matter.
The New York Department of Financial Services sent major banks requests for information, but hasn’t yet issued subpoenas or narrowed its focus to any particular firm, said the person, asking not to be identified because inquiries are confidential.